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Agmt15 City of RWC Public Financing Authority Water Revenue Refunding Bonds
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Agmt15 City of RWC Public Financing Authority Water Revenue Refunding Bonds
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Last modified
7/29/2015 1:24:41 PM
Creation date
7/29/2015 1:19:49 PM
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Agreement
Contractor Name
City of RWC Public Financing Authority
PROJECT NAME
City of RWC Public Financing Authority Water Revenue Refunding Bonds
RMP File Number
505
Date
5/1/2015
Reso Ref
15401, PFA 15-02
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. _ _ <br /> TABLE OF CONTENTS <br /> Paqe <br /> ARTICLE I <br /> DEFINITIONS <br /> Section1.01. Definitions.............................................................................................................2 <br /> ARTICLE II <br /> ACQUISITION OF THE PROJECT <br /> Section 2.01. Purchase and Sale of the Project.........................................................................6 <br /> Section2.02. [Reserved.............................................................................................................6 <br /> Section 2.03. Indemnification and Expenses of Authority..........................................................6 <br /> Section 2.04. Authority not Liable...............................................................................................7 <br /> Section 2.05. Disclaimer of the Authority....................................................................................7 <br /> ARTICLE III <br /> INSTALLMENT PAYMENTS, REVENUES AND ACCOUNTS <br /> Section 3.01. Payment of the Installment Payments..................................................................7 <br /> Section 3.02. Interest Component of the Installment Payments ................................................8 <br /> Section 3.03. Establishment of Accounts...................................................................................8 <br /> Section 3.04. Pledge of Net Revenues and Other Funds: Revenue Fund.................................8 <br /> Section 3.05. Receipt and Deposit of Gross Revenues .............................................................8 <br /> Section 3.06. Establishment and Maintenance of Accounts for Gross Revenues: Use and <br /> . Withdrawal of Gross Revenues .......................................................................9 <br /> Section 3.07. Certain Necessary Transfers................................................................................9 <br /> ARTICLE IV <br /> DEPOSITS;ADDITIONAL CONTRACTS AND BONDS ' <br /> Section 4.01. Deposits to Payment Fund.................................................................................10 <br /> Section4.02. Reserve Fund.....................................................................................................10 <br /> Section4.03. Parity Obligations ...............................................................................................10 <br /> ARTICLE V <br /> REPRESENTATIONS, COVENANTS AND WARRANTIES <br /> Section 5.01. Compliance with Installment Purchase Contract................................................12 <br /> Section 5.02. Against Encumbrances.......................................................................................12 <br /> Section 5.03. Against Sale or Other Disposition of Property....................................................12 <br /> Section 5.04. Against Competitive Facilities.............................................................................13 <br /> Section 5.05. Tax Covenants ...................................................................................................13 <br /> Section 5.06. P�ompt Acquisition..............................................................................................14 <br /> Section 5.07. Maintenance and Operation of the Enterprise; Budgets ....................................14 <br /> Section 5.08. Payment of Claims.............................................................................................14 <br /> Section 5.09. Compliance with Contracts.................................................................................14 <br /> Section5.10. Insurance............................................................................................................14 <br /> Section 5.11. Books and Accounts; Financial Statements.......................................................15 <br /> Section 5.12. Protection of Security and Rights of Authority....................................................16 <br /> Section 5.13. Payment of Taxes and Compliance with Governmental Regulations ................16 <br /> Section 5.14. Amount of Rates and Charges...........................................................................16 <br /> Section 5.15. Operation of Enterprise; Collection of Rates and Charges ................................17 <br /> Section 5.16. Eminent Domain Proceeds.................................................................................18 <br /> Section 5.17. Further Assurances............................................................................................18 <br /> i <br />
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